Storebrand Asa Unsp/Adr

Good morning, ladies and gentlemen, and welcome to Storbrand's third quarter result presentation. As usual, our CEO, Odd-Aril Grefstad, will present the key highlights of the quarter, followed by CFO, Kjetil Krøtche, who will dive deeper into the numbers. At the end of the presentation, participants in the team's webinar will have a chance to ask questions. Details on how to join the webinar are found on the Investor Relations website. But without further ado, I give the word to our CEO, Odd Aril Grefstad.

Thank you, Johannes, and good morning, everyone. I am excited to share another strong quarter with you marked by substantial growth and improved profitability. We gained trust among new and existing customers and are on track to deliver on our targets for 2025. Before I get into the numbers, I want to highlight one important change in our executive management team. Kjetil Krösche, as many of you are familiar with, has been appointed as Storbrann's CFO, succeeding Lars Løddesøl, who stepped down after nearly 25 years in executive management positions in Storbrann, including 14 years as CFO. Lars has been instrumental in shaping Storbrand's financial strength and strategic direction. And I want to thank him sincerely for his dedication and leadership. And I appreciate that Lars will remain an active contributor to the group also going forward. Now, let's start with the financial highlights. Storbrand delivered a record high group profit of 1,586 million in the third quarter, reflecting continued growth, solid cost control, and improved insurance results. The operational result was 1,091 million, up 16% year on year. It's worth noting that insurance premiums exceeded 10 billion, representing a 20% increase from last year. These results show the strength of the diversified business model and our ability to deliver value for both customers and shareholders. Our commitment to increasing dividends and long-term share buybacks continues. Since 2016, we have steadily raised our dividend per share, and our ambition next year is to continue a growth rate broadly consistent with previous years. The Board's long-term plan is to return 12 billion to shareholders through annual buybacks by 2030, while also growing the ordinary dividend. It remains 342 million in share buyback in the fourth quarter, completing the 1.5 billion program for 2025. As many of you are familiar with, Storbrann aims to take three commercial positions in the markets we operate in. A, to be the leading provider of occupational pensions in both Norway and Sweden. And B, to be the Nordic powerhouse in asset management. and C to be the fast-growing challenger in the Norwegian retail market for financial services. These positions are strengthened by our strategic enablers, people, sustainability and digital frontrunner, together unlocking additional growth. Let's look at the growth delivered in the quarter. I am pleased to report that the double-digit growth continues across the Group. Our strong growth underlines Storbrand's robust and consistent performance. Storbrann are positions in attractive and structural growing savings markets, as well as rapidly increasing our market shares within insurance and retail banking. Moving to occupational pension. Storbrann and Kroon has now more than 20% of the assets under management in the fast-growing market for individualized pension, reflecting our strong offering and competitive position. This is the part of the pension system where individuals freely can choose their own provider as a part of the corporate-sponsored schemes. In the guaranteed segments, activity among closed pension funds has increased, and several public occupational pension tenders are ongoing. A highlight this quarter is the commercialization of our innovative and preventive concept, VELL, designed to help employees stay healthy, recover faster, and reduce long-term sick leave. The concept now progresses from a pilot to full-scale implementation. Well will be an integrated part of our disability insurance products. Rising disability levels are a pressing challenge for the Norwegian society. We believe that Well will make a positive contribution both to helping people back to work and reducing costs for our corporate clients. We also expect reduced insurance claims. The government has proposed tax exemptions for mutual funds. This is good news for our customers. Consequently, Storbrand can maintain Storbrand Domicil for its mutual funds instead of reallocating them. The government's proposals show a willingness to listen to industry feedback and to create a more competitive environment for Norwegian fund management. Operationally this quarter, storbrand asset management reached 1,561 billion in asset management. Net inflows were 16 billion, mainly from external clients. Active funds generated 90 million in performance-based income this quarter, and 239 million year-to-date. Speaking of performance, I am proud to share that our flagship Norwegian equity fund, Storbrann Norge, has delivered a stunning 10 000 percent net return to customers since its launch in 1983. This is a milestone in the Norwegian fund history, with no other domestic equity fund reaching this level of total return. The fund has outperformed its reference index by around 4,300 percentage points net of fees. The performance illustrates the power of successful active management when done right, and the power of compound interest. If you had 100,000 in Storbrann Norge fund in 1983, Your investment would be worth 10 billion today. Finally, let's look at our strong progress in the Norwegian retail market. We have reached a 7.6% market share in retail P&C, up from 7.4% last quarter. Retail insurance portfolio premium grew by 26% year on year, and our bank lending portfolio increased by 12% to 95 billion. Our digital-first multi-channel approach is reasoning well with customers, and we continue to see strong growth in both insurance and banking. Kron is a key enabler for storbrands retail growth. An important part of our strategy to deliver scalable, customer centric solutions for savings and also now for pensions. Storbrand Krone assets under management have shown impressive growth, reaching approximately 29 billion by the third quarter. This represents a compound annual growth rate of 70 percent since Storbrand's acquisition of Kron. The platform's growth is driven by both pension and savings products with about 45 percent of assets now in pensions solutions and 55 percent in savings products. Kron's digital-first approach and user-friendly interface have made it an attractive choice for customers seeking simple, transparent, and cost-effective ways to manage their long-term savings and pensions. And with that, I leave the word back to you, Johannes.

Thank you, Odaril. Now, let's take a closer look at the numbers. Kjetil, please go ahead.